Blood gas analyzers market analysis | Coherent Market Insights

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• BLOOD GAS ANALYZERS MARKET ANALYSIS
• Blood Gas Analyzers Market, by Product Type
  (Bench Top and Portable), by Application
  (Anesthesia, Cardiovascular Surgery, ICU, and
  Others), and by Region (North America, Latin
  America, Europe, Asia Pacific, Middle East, and
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2018 - 2026

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• Blood gas analysis is performed for critically
  ill patient suffering from a respiratory or
  metabolic disorder. In blood gas analysis
  includes measurement of the amount of oxygen,
  carbon dioxide, and the acidity of pH in the
  blood as well as concentrations of other
  parameters such ascreatinine, electrolytes,
  glucose, hemoglobin, and lactate. Blood gas
  analyzers use electrodes to determine pH, partial
  pressure of carbon dioxide, and amount of oxygen
  in the blood. Imbalances in oxygen, carbon
  dioxide, and pH levels in blood can indicate the
  presence of certain medical conditions such as
  heart failure, hemorrhage, kidney failure,
  chemical poisoning, uncontrolled diabetes, or
  drug overdose.
• The global blood gas analyzers market size was
  valued at US 594.6 million in 2017 and is
  expected to witness a CAGR of 5.5 over the
  forecast period (2018 2026).

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• Global Blood Gas Analyzers Market Revenue (US
  Mn) Analysis, By Application 2017

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• Increasing demand for point of care testing is
  expected to drive the blood gas analyzers market
  revenue
• Blood gas analyzers are used for patients
  suffering from certain medical conditions,
  including asthma and Chronic Obstructive
  Pulmonary Disease (COPD). Emergency and intensive
  care departments also use blood gas analyzers as
  crucial part for assessment of patients clinical
  status.
• Increasing geriatric population at high risk of
  various chronic diseases, which require frequent
  testing of blood gas and Point-of-Care (PoC)
  diagnostic evaluation is expected to drive growth
  of the global blood gas analyzer market.
  According to the U.S. Census Bureau, 2015,
  population of age 65 years and above is expected
  to increase over 60 during 2015 2030.
  Moreover, increasing number of patients being
  treated in ICUs and emergency departments is also
  expected to fuel the market growth. According to
  the WHO, in 2015, around three million deaths
  were caused by chronic diseases, which accounted
  for 5 of all the deaths worldwide. This in turn
  led to significant increase in emergency cases
  demanding for blood gas analyzers.

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Blood Gas Analyzers Market Restraints

• High probability of infections through use of
  blood gas analyzers that are affected with
  patient acquired infections such as blood-borne
  pathogens during testing procedures is expected
  to hinder growth of the market. Blood gas
  analyzers can be difficult to use and therefore,
  require trained laboratory personnel. Moreover,
  collection of arterial blood is more difficult
  than venous or capillary blood sample. It is more
  painful for the patient and can be potentially
  dangerous, in case the correct procedure is not
  followed. All these factors are expected to
  negatively impact adoption of blood gas analyzers
  during the forecast period.
• Blood Gas Analyzers Market - Regional InsightsOn
  the basis of region, the global blood gas
  analyzers market is segmented into North America,
  Latin America, Europe, Asia Pacific, Middle East,
  and Africa. North America blood gas analyzers
  market is expected to generate significant
  revenue share during the forecast period, owing
  to increasing prevalence of lifestyle-induced
  diseases and emergency department visits.
  According to the Centers of Disease Control and
  Prevention (CDC) report in 2017, around 1.7
  million emergency department visits with chronic
  and unspecified bronchitis were recorded in the
  U.S.

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Global Blood Gas Analyzers Market Value (US Mn)
Y-o-Y Growth ()

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Blood Gas Analyzers Market - Competitive
Landscape

• Key players operating in the global blood gas
  analyzers market include, Abbott Laboratories,
  Alere, Inc., Bayer AG, Dalko Diagnostics, GE
  Healthcare, Instrumentation Laboratory, Nova
  Biomedical, Radiometer, Roche Diagnostics,
  Siemens Healthcare, and Sphere Medical.

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